Builders under the 1%/5% GST regime must still meet the 80% registered procurement rule. Non-compliance attracts cash RCM liability without ITC ...
Courts held that Section 16(2)(c) cannot be applied mechanically to deny ITC to honest buyers. ITC denial must be confined to ...
Since the implementation of the goods and services tax (GST) in July 2017, businesses with multi-state GST registrations have faced confusion regarding the process for distributing common input tax ...
The GST 2.0 reforms aimed to simplify the system with fewer tax slabs, however businesses continue to face challenges in ...
Insurance analysts reason that individual life and health insurance premiums are exempt from paying GST, so insurers cannot ...
The recent GST reset of slabs and rates was welcome, but not enough. Removing anomalies in GST’s input tax credit system ...